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Happy Market Hours is from the Happy Forex family, which has been in the market since 2016 and has developed more than twelve EAs. The robot is subjected to continuous updates to improve its efficiency. Read this full review to analyze the characteristics of the expert advisor.
Happy Market Hours strategies and tests
The robot works on EURUSD, EURCHF, EURGBP, USDCAD, USDCHF, GBPUSD at the M15 chart. It uses trend and scalping strategies with the help of multiple indicators and implements a spread filter to avoid trading during volatile market conditions. The exit points are set according to the market sentiment.
The use of the grid trading strategy is observed when we take a peek at the trading history on Myfxbook. We observe that the robot is a night scalper mostly trading around the end of the NewYork session.
Trading history on Myfxbook
Features
Happy Market Hours comes with the following features and characteristics:
- The robot does not use hedging, martingale, or grid.
- It is 100% automatic.
- It’s easy to set up and install.
- 30-days refund guarantee with a lifelong license is provided.
- The system works on different currency pairs and trades on the M15 timeframe.
- The EA uses a proper stop loss and take profit.
The given steps are to follow to set up the robot:
- Purchase the robot from the official website or the marketplace
- Download the robot files on your computer
- Start your MT4/MT5 on your PC
- Drag the downloaded robot files into the charts section
- Enable auto-trading in the program
Backtesting
Happy Market Hours comes with backtesting of twelve years, starting from 2005.01.03-2017.03.27. The EURUSD currency pair was tested on the M15 timeframe on every tick model. The developer deposited an initial $1000.
A total of 141770865 ticks were modelled with 90% tick quality. The system made a net profit of $28511188.59, with a profit factor of 1.61. The drawdown value is shown as 11.32%, where the robot won 1380 trades out of 1775. The low value of drawdown and high profits shows that the EA has a good performance and practical approach.
Backtesting records
Happy Market Hours live trading account review
Live verified track records of the robot are available on Myfxbook. The algorithm started trading on 27 May 2021 with a maturity of 42 weeks. The vendor deposited $5000 initially, and the total balance of the robot stands at $5598.47. The system participated in 406 trades, out of which 251 were won. Live records show that the total gain of the robot stands at +11.87%, with a profit factor of 1.14.
Verified live record on Myfxbook
Low drawdown
The live stats show a low drawdown of 14.55%, which is considered low. The drawdown graph shows very steady fluctuations placing it in our good books.
Drawdown graph
Pricing
The Happy Forex offers two different packages: €299 (2 licences) or €499 (4 licenses). The developer is offering a pack of 10 EAs on a single purchase, including Happy Market Hours. There are unlimited demo accounts, lifetime usage of keys, lifelong upgrades and updates, a user manual, 24/7 customer care, and a 30-day refund.
The transactions can be performed through Visa, MasterCard, American Express, etc. There is also a limited-time 30% off sale on the expert advisors, and the vendor is offering another two algorithms as a bonus.
Is Happy Market Hours a good system to rely on?
Happy Market Hours shows high returns with a low drawdown value in its backtesting and live results. The expert advisor uses a low-risk approach, evident in its trading results. The positive comments of thirteen user reviews are present on Trustpilot with a total rating of 4.5/5.
Customer rating on Trustpilot
One of the traders on Trustpilot commented that he is satisfied with the customer service the company provides.
User Review on Trustpilot
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